Forex Daily Forecast, Analysis and Prediction

The Euro has been experiencing a lack of clear direction in recent trading sessions.

The US dollar has rallied early against its northern neighbor, but there is still a significant amount of resistance at the 1.34 level in the Canadian dollar.

The US dollar exhibited a minor retreat against the Japanese yen as the Tuesday trading session commenced.

The Bitcoin market experienced a slight decline during Tuesday's trading session, with its value hovering around the crucial $47,500 level.

The EUR/USD exchange rate remained in a consolidation mode as traders waited for the upcoming US inflation data.

Bitcoin held tight as traders waited for the closely-watched spot ETF decision by the Securities and Exchange Commission (SEC).

The Australian dollar pulled back against the greenback ahead of the crucial US consumer inflation data.

The exchange rate of the British Pound against the US Dollar GBP/USD is on a short-term upward trend that may extend in the coming days.

Without EUR/USD adjusting to gains above 1.10 negative resistance during the off days, however, weak inflation adjustment on Thursday could keep the pair supported above 1.09 until the end of the week.

At the beginning of this week's trading, the gold price XAU/USD attempted to rebound higher, but its gains did not exceed the $2046 per ounce level.

The USD/BRL is testing important support levels and is in the midst of a rather tight price range it has managed to hold onto since the third week of December.

The USD/SGD has traded slightly lower after touching a high of nearly 1.33060 early this morning and technical suspicions lurk after recent price volatility.

The USD/TRY maintained its continuous rise during the current week, as the pair approaches the level of 30 lira to the dollar.

My previous signal on 3rd January was not triggered.

Ethereum, after a brief dip in Monday's trading session, has shown signs of resurgence, breaking above the 20-day Exponential Moving Average.